Nu Holdings Ltd. reports developments for Nubank, its digital financial services platform serving core markets in Brazil, Mexico and Colombia. News commonly covers IFRS earnings releases, customer growth, engagement, operating leverage and profitability, along with updates on retail and SME credit, payments, customer assets, insurance brokerage, marketplace services and other digital banking products.
Company updates also include regulatory licensing and national-bank charter matters, brand initiatives and partnerships tied to Nubank's international expansion. Coverage reflects Nu's operating model as a technology-led financial institution with regulated activities across multiple jurisdictions.
Nu (NU) is launching U.S. operations with a full suite of mobile banking products and introducing Nu Global, a multi-currency digital account. The U.S. Nu Account offers 3.50% APY on all balances held via FDIC-insured partner Lead Bank, a limited edition metal debit card, savings goals, and fee-free domestic and international transfers initially to Brazil, Mexico and Colombia. Customers who also use the Nu Credit Card and make qualifying transactions will soon be able to earn 4.50% APY on savings goals up to $10,000. The no-annual-fee Nu Credit Card provides 1.5% unlimited cashback, with a boost to 2% planned for customers meeting set conditions.
Nu Global converts deposits into USDC or EURC, yielding 3.50% and 2.20% APY respectively, and enables spending worldwide via a virtual Mastercard and fast, fee-free transfers across more than 35 countries. Nu enters this phase after a record quarter, with over 140 million customers, quarterly net income above $1 billion, and return-on-equity above 32%.
Nu Holdings (NU) will host its first Investor Day on December 8, 2026, in New York City, with in-person and virtual participation.
The event will include presentations by Founder and global CEO David Vélez and senior management on long-term strategy, growth opportunities, and value creation drivers. Registration details and the full agenda will be provided later. A live webcast, supporting materials, and replay will be available at investors.nu.
Nu Holdings (NYSE: NU) reported Q2 2026 gross revenue of nearly $5.9 billion, up 39% year-over-year, and net income of $1.1 billion, up 17% quarter-over-quarter and 49% year-over-year, delivering a 33% ROE. Net interest income reached $3.7 billion, while risk-adjusted net interest margin expanded to 12.4% from 9.5% in Q1 2026 as cost of credit declined 9% to $1.7 billion.
The total credit portfolio grew 37% year-over-year to $39.4 billion and deposits rose to $45.3 billion, up 18% year-over-year. Nu ended the quarter with about 139 million customers, including almost 118 million in Brazil and around 16 million in Mexico. The company launched full banking operations in Mexico, becoming the country’s largest digital bank, and advanced its AI foundation model, NuFormer, now supporting underwriting and customer service across key portfolios.
Nubank (NYSE: NU) agreed to acquire Banco Porto Real de Investimentos, a Rio de Janeiro-based wholesale credit bank founded in 1992, in a deal subject to approval by Brazil's Central Bank. The acquisition is intended to provide Nubank with an additional banking license, fulfilling requirements of Joint Resolution No. 17 on financial institution naming.
According to Nubank, Banco Porto Real's license will join its existing permits for payment institution, credit/financing and investment, and securities brokerage activities, without adding capital or liquidity requirements to Nu Pagamentos' prudential conglomerate. All Banco Porto Real obligations will be honored under the acquisition agreement, while Nubank's 115 million Brazilian customers will see no changes to app, products, or brand. Nubank also highlighted R$45 billion in planned 2026 investments in Brazil, its role as the largest private financial institution in the country by customer count, and its record of low complaint ratios and customer service awards.
Nu Mexico (NYSE: NU) received authorization from Mexico's National Banking and Securities Commission (CNBV) to begin operations as a bank, after transforming from a SOFIPO. With more than 15 million customers, it will become the largest digital bank in the country, reaching about 15% of Mexican adults and operating in 98% of municipalities.
According to Nu Mexico, the group projects a total investment of USD 4.2 billion through 2030. The unit reached breakeven in Q1 2026, improved its efficiency ratio by 78 percentage points, and surpassed USD 5.9 billion in deposits. Nu Mexico has 30 days to complete its transformation into a bank while maintaining existing customer experience and a 24/7 app-based support model.
Nubank (NYSE:NU) became the primary financial institution for around 30% of Brazilians in Q4 2025, leading incidence across Brazil. In 17 states, about 30% of the population chose Nubank for salary, payments, and products.
Nubank has already banked 31.5 million people, nearly one in five Brazilian adults. In the Northeast, its credit reached 6.8% of regional GDP in 2025, and customers saved an estimated R$ 134.7 billion in fees and annual charges.
Nu Holdings (NYSE: NU) authorized a share repurchase program of up to US$1.0 billion of Class A ordinary shares.
The program starts June 4, 2026 and may run for 12 months. Nu states operations generate significant capital, while growth investments and regulatory capital buffers across Brazil, Mexico, Colombia and the US remain fully funded.
Nubank (NU) appointed Rob Livingston as Chief Financial Officer, effective July 13, 2026, succeeding Guilherme Lago, who becomes Special Advisor.
Livingston will lead Nubank’s global finance organization, while Lago supports the transition through August 31 and continues advising on corporate development and strategic matters.
Nu Holdings (NYSE: NU) reported Q1 2026 results with revenue surpassing $5 billion for the first time and record net income of $871 million, up 41% year over year. ROE reached 29%, and NII rose to $3.25 billion, up 12% quarter over quarter.
Customers grew to 135+ million, the credit portfolio to $37.2 billion (+40% YoY), and deposits to $42.4 billion (+22% YoY). Nu highlighted its AI-driven credit growth, Mexico’s break-even with 15 million customers, and a disciplined, low-capex expansion strategy into the United States.
Nu Holdings Ltd (NYSE: NU) filed its Annual Report on Form 20-F with the SEC on April 8, 2026 for the fiscal year ended December 31, 2025.
The Form 20-F and audited financial statements are posted on the company's investor relations site and shareholders may request a free hard copy by contacting investors@nubank.com.br. Investor and media contact emails are provided for further inquiries.